Local News

Canon subsidiaries Oita Canon and Canon Materials, also of the same prefecture, have been informed that their parent’s plan for production cutbacks will result in a layoff of a combined 1,177 production workers by January. Oita Canon, which makes digital cameras, will account for 1,097 of those employees, while Canon Materials, which makes toner cartridges for copiers, will release 80. In view of the global economic downturn, Canon revised downward its estimates for FY 2008 digital camera sales by 1.5 million units